Citigroup has created a new unit to help its investment bankers use big data to advise corporate finance clients, as large advisory firms increasingly turn to technology to automate parts of the dealmaking process.
The US bank has named Muir Paterson as head of a new division called strategy advisory solutions, which combines three business lines including its unit advising companies on how to defend against activist investors and its data science unit, according to a memo seen by Financial News.
